Friday, December 4, 2009

nifty don't cross 52 week high




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This week nifty touch again 52 week high but not cross this level . nifty start with gap up up move on Monday from 4931 & close at 5108. this a good up move.we are all bullish in mkt but there is some point in my mind .
Last three day nifty making doji pattern i show in chart nifty making a evening doji star pattern & double top both are gives a bearish sing in coming weeks they are ignore only when nifty close above 5182 .In weekly chart we touch the 52 week high but MACD shows -ve divergence at this level.
i finger cross , nifty cross 5182 & heading to 5500 but this is possible with good FII in flow,good global & domestic news.
happy trading

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